Drip Irrigation Market

Market Leader - Drip Irrigation Market

The key players identified in the global drip irrigation market include Jain Irrigation Systems Limited (India), Lindsay Corporation (U.S.), The Toro Company (U.S.), and Netafim Limited (Israel). The market is projected to reach a value of USD 6.54 Billion by 2022, growing at a CAGR of 11.60% from 2017 to 2022. In terms of area, the global drip irrigation market is projected to reach a value of USD 25.1 Million hectares by 2022, growing at a CAGR of 8.33% from 2017 to 2022. The global drip irrigation market is driven by factors such as enhancement of crop yield, efficient use of water, and significant drop in final production costs.

The key market players adopted strategies such as new product launches and have been strengthening their market outreach in different geographical regions through their innovations in design and materials. Leading players have been focused on strengthening their R&D proficiencies by signing agreements with other companies to develop innovative products for drip irrigation.

The global players have established large distribution networks across the world and follow extensive cross-selling marketing strategies. Market leaders such as Jain Irrigation Systems Limited (India), Netafim Limited (India), and Rain Bird Corporation (U.S.) have successfully tapped potential markets through the development of innovative product launches, partnership agreements, and expansions. These key companies focused on investments and expansions in the market on a regional as well as a global level, to strengthen and expand their position in drip irrigation market. The trend of subsurface irrigation has been on an upward scale owing to the growing concern about evaporation losses of water. The focus of competitive rivalry among these players has been on improving the yield per crop by way of effective designs of irrigation components such as emitters and drip tapes, and their material type.

Jain Irrigation Systems Limited (India), completed acquisitions of three micro-irrigation companies such as Agri-Valley Irrigation, LLC (U.S.) and Irrigation Design and Construction, Inc. (U.S.) in May 2017 and Driptech India Pvt. Ltd. (India) in November 2016. These acquisitions helped to strengthen Jain Irrigation’s technology and global business, thereby becoming the leader in designing, construction, and service of irrigation systems with their innovative technology.

Another key player, Netafim Limited (Israel) acquired majority share in RyM (Costa Rica) in September 2016. With this acquisition, Netafim established the company as its new subsidiary Netafim Central America, in order to build a strong platform in the South American region. In China, Netafim set up a new production plant to cater to demands for the fast-growing microirrigation industry. Netafim, a leading innovator in this field, effectively launched the next-generation of flow drippers/emitters in April 2015.

Related Reports:

Drip Irrigation Market by Component (Emitters, Drip Tubes/Drip Lines, Filters, Valves, and Pressure Pumps), Emitter/Dripper Type (Inline and Online), Application (Surface and Subsurface), Crop Type, and Region - Global Forecast to 2022

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Report Code
AGI 3730
Published ON
Jul, 2017
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